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Daily Dispatches
Alabama abolishes income taxes on gold and silver
Submitted by admin on Mon, 2024-05-20 12:52 Section: Daily DispatchesFrom Money Metals News Service
Saturday, May 18, 2024
Alabama Governor Kay Ivey today signed a bill that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound-money principles.
With this move, Alabama joins a growing number of states prioritizing the protection of citizens against the deleterious effects of inflation, currency debasement, and mounting federal debt.
China has its people put a floor under gold price, Maguire tells LFTV
Submitted by admin on Sat, 2024-05-18 03:16 Section: Daily Dispatches7:16a GMT Saturday, May 18, 2024
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire tells this week's "Live from the Vault" program from Kinesis Money that repeated attempts by the U.S. Federal Reserve to knock down the price of gold via sale of futures contracts in New York just continue to feed Chinese demand for real metal as the contracts are converted to deliverable instruments in London.
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Hot commodity silver outpaces gold as buying gains momentum
Submitted by admin on Fri, 2024-05-17 16:44 Section: Daily DispatchesBy Sybilla Gross
Bloomberg News
Friday, May 17, 2024
Gold's record-setting rally may have captured the headlines this year, but it's silver that's running harder and faster as the less glamorous metal benefits from robust financial and industrial demand.
Silver has soared by more than a quarter this year, outpacing gold and making it one of the year's best-performing major commodities. Yet in relative terms, silver is still cheap. It currently takes about 80 ounces of silver to buy 1 ounce of gold, compared with the 20-year average of 68. ...
Gold up $39, silver up $2, miners up 4% -- time for Calandra and GATA?
Submitted by admin on Fri, 2024-05-17 16:39 Section: Daily Dispatches11:36p AST, Friday, May 17, 2024
Dear Friend of GATA and Gold (and Silver and other metals):
Mining company shares are taking off as governments are issuing infinite money and incurring infinite debt, and Thom Calandra of The Calandra Report (at Thomcalandra.com) is connecting with newly subscribed GATA supporters and sharing with them his insights about producing gold and silver mines and gold and silver explorers in the Yukon, Quebec, Nevada, Mexico, Ghana, and elsewhere.
Incrementum publishes its 'In Gold We Trust' report for 2024
Submitted by admin on Fri, 2024-05-17 05:34 Section: Daily Dispatches5:32p ICT Friday, May 17, 2024
Dear Friend of GATA and Gold:
Incrementum's "In Gold We Trust" report for 2024 by Ronald P. Stoeferle and Mark J. Valek has been published, capturing the exciting lastd year gold has had and the exciting year it is expected to have. An abridged version is posted in PDF format here:
Futures exchange CME plans to launch bitcoin trading
Submitted by admin on Thu, 2024-05-16 06:10 Section: Daily DispatchesBy Philip Stafford
Financial Times, London
Thursday, May 16, 2024
CME Group, the world's largest futures exchange, is planning to launch bitcoin trading, aiming to capitalise on surging demand this year among Wall Street money managers to gain exposure to the cryptocurrency sector.
The Chicago-based group has been holding discussions with traders who want to buy and sell the cryptocurrency on a regulated marketplace, according to three people with direct knowledge of the talks.
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Gold will rise despite its miners, but who will be allowed to profit?
Submitted by admin on Thu, 2024-05-16 05:12 Section: Daily DispatchesIllustrations for these remarks can be viewed here:
https://www.gata.org/sites/default/files/Powell_Singapore%202024%2005%20v3.pdf
* * *
Remarks by Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
Mining Investment Asia Conference
Marriott Tang Plaza Hotel, Singapore
Thursday, May 16, 2024
[ILLUSTRATION 1: Title]
Robert Lambourne: You might be surprised by how many know of the war against gold
Submitted by admin on Wed, 2024-05-15 10:44 Section: Daily DispatchesBy Robert Lambourne
May 15, 2024
During a recent video presentation, a book titled "The War On Gold" by Antony Sutton, published in 1977, was spotted on a shelf behind a mainstream economist who provides research for leading institutional investors.
This writer acquired this book some 20 years ago and seeing it again triggered an effort to reread it. It is still quite topical, as indicated by the contents listed on its back cover:
West Virginia Gov. Justice defeats Rep. Mooney for Senate nomination
Submitted by admin on Wed, 2024-05-15 10:13 Section: Daily DispatchesBy Eric Bradner and David Wright
CNN, Atlanta
Wednesday, May 15, 2024
West Virginia Gov. Jim Justice won the state’s Republican US Senate primary, positioning the two-term governor as the clear favorite to succeed retiring Democratic Sen. Joe Manchin in the deep-red state.
Justice triumphed in a crowded Republican primary that included U.S. Rep. Alex Mooney, a member of the hard-line House Freedom Caucus. Justice will face Wheeling Mayor Glenn Elliott, who had Manchin's endorsement and won the three-way Democratic primary.
China considers government purchase of unsold homes to save property market
Submitted by admin on Wed, 2024-05-15 05:42 Section: Daily DispatchesFrom Bloomberg News
Tuesday, May 14, 2024
China is considering a proposal to have local governments across the country buy millions of unsold homes, people familiar with the matter said, in what would be one of its most ambitious attempts yet to salvage the beleaguered property market.
The State Council is seeking feedback from several provinces and government entities on the preliminary plan, said the people, asking not to be identified discussing a private matter.
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